BITCOIN SEASON 2: The Great Bitcoin Treasury Bubble

BITCOIN SEASON 2: The Great Bitcoin Treasury Bubble

Bitcoin treasury strategies are all the rage, but are they actually sustainable? You're listening to Bitcoin Season 2. Subscribe to the newsletter, trusted by over 7,000 Bitcoiners: https://newsletter.blockspacemedia.com Welcome back to Bitcoin Season 2! Today, Colin and Charlie talk about the explosive growth of Bitcoin treasury companies and their financial engineering strategies. They break down Strategy's convertible debt playbook, examine why these companies trade at premiums to their Bitcoin holdings, and debate whether this trend is sustainable or an elaborate house of cards waiting to collapse. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **Notes:** • MicroStrategy holds 592,100 Bitcoin • Q1 2025 revenue: $111 million • Convertible notes have 0-1% interest rates • Bitcoin needs to drop way low for liquidation • Preferred shares pay 8-10% dividends • Annual obligations: $10-20 billion Timestamps: 00:00 Start 02:59 Strategy (formerly micro) 10:42 Types of companies 15:13 Preferred stock 24:57 Closed end fund dynamics - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Episoder(3946)

Ric Edelman Says Banking Lobby ‘Likely to Win’ the Stablecoin Fight | Markets Outlook

Ric Edelman Says Banking Lobby ‘Likely to Win’ the Stablecoin Fight | Markets Outlook

Unpacking the stablecoin yield fight and the quantum threat to bitcoin with DACFP Founder Ric Edelman. Digital Assets Council of Financial Professionals Founder, and Author of The Truth About Crypto,...

9 Mar 10min

Nasdaq Teams With Kraken to Bring Stocks On-Chain | CoinDesk Daily

Nasdaq Teams With Kraken to Bring Stocks On-Chain | CoinDesk Daily

Nasdaq partners with Kraken to offer tokenized stocks. Nasdaq announced that it's teaming up with Kraken to distribute one-to-one tokenized versions of public company stocks to customers in Europe an...

9 Mar 2min

The Blockspace Pod: $46m Heist Perp Gets Nabbed & Kraken Gets Fed Account

The Blockspace Pod: $46m Heist Perp Gets Nabbed & Kraken Gets Fed Account

A Zoomer arrested for stealing $46M from the US Marshals, Kraken makes history with a Fed Master Account, and IREN builds to 150,000 GPUs. Get your tickets to OPNEXT 2026 before prices increase! Jo...

7 Mar 1h 8min

Ripple Doubles Down on Institutional Derivatives After $3T Year | CoinDesk Daily

Ripple Doubles Down on Institutional Derivatives After $3T Year | CoinDesk Daily

Ripple brings Coinbase Futures to platform. Ripple is expanding its institutional reach, adding the full range of crypto futures listed on Coinbase Derivatives to its Ripple Prime platform. After cle...

6 Mar 2min

Crypto Experts Bash Ray Dalio's Bitcoin Comments: "Tired Narratives" | CoinDesk Daily

Crypto Experts Bash Ray Dalio's Bitcoin Comments: "Tired Narratives" | CoinDesk Daily

Crypto pushes back against Ray Dalio's comments on Bitcoin. Billionaire Ray Dalio blasts Bitcoin again, claiming it lacks the qualities of gold and faces existential threats from quantum computing. C...

5 Mar 2min

The Blockspace Pod: How to Protect Yourself from a Crypto Kidnapping

The Blockspace Pod: How to Protect Yourself from a Crypto Kidnapping

Chris Seedor joins the podcast to discuss the terrifying rise in physical Bitcoin attacks and how to mitigate risk. We cover stainless steel backups, multi-sig setups, and why AI-driven phishing is ch...

5 Mar 36min

What Does It Mean for Kraken to Have Fed Master Account Access? | Markets Outlook

What Does It Mean for Kraken to Have Fed Master Account Access? | Markets Outlook

Kraken secures access to a Fed master account. What does it mean for crypto? Kraken has become the first crypto-native company to secure direct access to the Federal Reserve’s payment systems. In to...

4 Mar 11min

Trump Warns Banks: Stop Holding Crypto "Hostage" | CoinDesk Daily

Trump Warns Banks: Stop Holding Crypto "Hostage" | CoinDesk Daily

Trump blasts U.S. banks for holding crypto "hostage" in push for Clarity Act. President Trump has attacked U.S. bankers on Truth Social, accusing them of trying to undermine the GENIUS Act and holdin...

4 Mar 2min

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